Zacks: First Financial Northwest, Inc. (FFNW) Given $17.50 Consensus Target Price by Analysts

First Financial Northwest, Inc. (NASDAQ:FFNW) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $17.50 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Financial Northwest an industry rank of 55 out of 257 based on the ratings given to related companies.

Several brokerages have recently weighed in on FFNW. ValuEngine cut First Financial Northwest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th.

Shares of NASDAQ FFNW traded up $0.38 during mid-day trading on Monday, hitting $15.60. The company had a trading volume of 17,700 shares, compared to its average volume of 25,896. The stock has a market cap of $166.12 million, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.45 and a beta of 0.27. First Financial Northwest has a 1 year low of $13.13 and a 1 year high of $21.82. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.12 and a current ratio of 1.12.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $10.90 million during the quarter, compared to analysts’ expectations of $11.05 million. First Financial Northwest had a return on equity of 10.66% and a net margin of 26.45%. On average, sell-side analysts predict that First Financial Northwest will post 1.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 29th. First Financial Northwest’s dividend payout ratio (DPR) is presently 35.96%.

In other news, Director Gary F. Faull sold 12,409 shares of First Financial Northwest stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $17.19, for a total value of $213,310.71. Following the completion of the transaction, the director now directly owns 80,967 shares in the company, valued at $1,391,822.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.75% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FFNW. Hartford Investment Management Co. bought a new stake in First Financial Northwest during the second quarter valued at $223,000. First Trust Advisors LP bought a new stake in First Financial Northwest during the third quarter valued at $209,000. Matarin Capital Management LLC bought a new stake in First Financial Northwest during the third quarter valued at $275,000. O Shaughnessy Asset Management LLC boosted its stake in First Financial Northwest by 132.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 17,710 shares of the bank’s stock valued at $293,000 after buying an additional 10,103 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in First Financial Northwest during the third quarter valued at $308,000. Institutional investors own 47.79% of the company’s stock.

About First Financial Northwest

First Financial Northwest, Inc operates as the holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit.

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